PKC completes Groclin deal

PKC’s acquisition of Groclin’s Wiring and Control business was completed July 1, 2015.

The deal includes Kabel-Technik-Polska Sp. z o. o. (‘KTP’) operating in Poland, which at the time of the closing will own the entire Wiring & Controls business of Groclin S.A. Group. The requirements of closing have been fulfilled and the closing will become effective and ownership and control will transfer on 1 July 2015, the company announced.

PKC Group announced on February 13, 2015 that it had signed a contract to buy the rolling stock electrical distribution system business (Wiring & Controls business) of Groclin S.A. Group.

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